Home Equity Loans - The Three Day Cancellation Rule

Printer-friendly versionPrinter-friendly version

If you're considering applying for a personal loan and using your home to guarantee repayment, you should know that a federal credit law gives you three days to reconsider a signed credit agreement and cancel the deal without penalty. This page from the FTC has more information.

http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt037.shtm



Reviewed August 2009